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Real estate held within a trust, whether revocable or irrevocable, can often be conveyed. The specifics of a sale depend significantly on the trust document’s terms and conditions. For instance, a revocable living trust typically grants the grantor, while living, full authority to manage and sell the assets, including property. In contrast, selling property held in an irrevocable trust requires adherence to the rules established within the trust itself, which may dictate who has the authority to sell (trustee, beneficiary, or other designated individual) and under what circumstances a sale can occur. A common example is a trust established for minor children where the trustee manages and potentially sells assets for the beneficiaries’ benefit.

The ability to sell property held in trust provides important flexibility for estate planning and asset management. It allows for adaptation to changing circumstances, such as the need for liquidity or the beneficiaries’ evolving needs. Historically, trusts have been used to protect assets and manage inheritance, and the ability to sell property within a trust structure has been a key component of this function. This allows for a smoother transfer of wealth and prevents potential disputes among heirs.

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